Pulse8 Media Limited (05646021): administration
- Status
- Administration ended
- Administration began
- 2016-08-05
- Administrators
- Stephen Mark Katz, Mark Reynolds
- Administrators' firm
- Begbies Traynor
- Formerly
- PMA Media Limited
- Incorporated
- 2005-12-06
- Location
- London
- Industry
- 59112 Video production activities
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in December 2005 under the original name of PMA Media Limited, changing tts name to Pulse8 Media Limited in July 2007 The Company’s principal activity was that of the broadcasting of sporting events
The Company initially operated as post-production specialists, working primarily in the field of televised sport However, as a result of the global economic crisis in 2008, the Company’s original business model had proven no longer viable and the focus of the Company’s business switched to the production of corporate content for videos and websites However, the Director of the Company, who had long-standing ties with key players within the sports broadcasting sector, subsequently gained an opportunity to acquire an outside broadcast (“OB”) truck, together with additional camera equipment, on a contract hire basis
Following the acquisition of the OB truck, the Company had been contracted to film numerous high-profile events, including Glorious Goodwood, Royal Ascot, various Under-21 Internationa! matches for Qatar, the Liverpool International Horse Show and Dragons’ Den, amongst others
Administrators' statement of proposals (2016-10-11) · Companies House register